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EX-99.1 - EXHIBIT 99.1 - G&K SERVICES INCa6830362ex99_1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 16, 2011

G&K Services, Inc.
(Exact name of registrant as specified in its charter)

Minnesota

0-4063

41-0449530

(State or other jurisdiction
of incorporation)

(Commission File
Number)

(IRS Employer
Identification No.)

5995 Opus Parkway, Minnetonka, Minnesota

55343

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code: (952) 912-5500

NOT APPLICABLE
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 2.02     Results of Operations and Financial Condition.

On August 16, 2011, G&K Services, Inc. issued a press release announcing its financial results for the fourth fiscal quarter ended July 2, 2011.  A copy of the press release is furnished as Exhibit 99.1 to this report.  The press release contains non-GAAP financial measures which are rental organic growth rate and certain non-GAAP operating results which are reconciled to the fourth quarter and year to date GAAP operating results.  The organic growth rate is calculated using rental revenue, adjusted for foreign currency exchange rate differences, acquisitions, divestitures, a previously disclosed accounting change, and an extra week in the prior year.  Management believes that organic growth is useful in analyzing the company’s overall financial condition and the results of its operations.  Management believes that non-GAAP operating results, which exclude certain non-recurring charges, provide a more meaningful measure on which to compare the company’s overall results of operations between periods.  

The information in this Item 2.02 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.

Item 9.01     Financial Statements and Exhibits.

            (c)       Exhibits.

                                  99.1     Press Release dated August 16, 2011 (furnished)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

G&K SERVICES, INC.

(Registrant)

 
 
Date:

August 16, 2011

By:

/s/ Jeffrey L. Wright

Name:

Jeffrey L. Wright

Title:

Executive Vice President, Director and Chief

Financial Officer

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EXHIBIT INDEX

Exhibit No.

Description

 

99.1

Press Release dated August 16, 2011



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